I’ve talked before about how important it is to live frugally. A lot of people probably brush it off because it sounds like too great of a sacrifice or not relevant to them, but I think that’s a mistake. It is possible to live frugally and to love it at the same time.
In general, that’s a key to how I live my life. I try to figure out what the empirically “correct” thing for me to do is, and then I convince myself to love it.
How much money you should be saving is hard to determine. It depends on your age, your earning ability, and your goals. I will say this, though… there is some way for you to save more than 50% of your income.
That number is probably shocking, as most millenials have a negative savings rate. I’m not saying that you will